Document

Nextpower Inc. (the “Company,” “Nextpower” or “We”) has included this Conflict Minerals Report as an exhibit to its Form SD for the period from January 1, 2025 to December 31, 2025 as provided for in Rule 13p-1 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Form SD (collectively, the “Conflict Minerals Rule”). The date of filing of this Conflict Minerals Report is May 29, 2026.

As used herein and consistent with the Conflict Minerals Rule, “Conflict Minerals” or “3TG” are columbite-tantalite (coltan), cassiterite, gold, wolframite and their derivatives tantalum, tin and tungsten, without regard to the location of origin of the minerals or derivative metals.

This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Exchange Act. In particular, statements contained in this document that are not historical facts, including, but not limited to, statements concerning the additional steps that Nextpower intends to take to mitigate the risk that its necessary 3TG benefit armed groups, constitute forward-looking statements and are made under the safe harbor provisions of Section 27A of the Securities Act and Section 21E of the Exchange Act.

Forward-looking statements are subject to risks and uncertainties that could cause actual actions or performance to differ materially from those expressed in the forward-looking statements. These risks and uncertainties may include, but are not limited to, (1) the continued implementation of satisfactory traceability and other compliance measures by Nextpower direct and indirect suppliers on a timely basis or at all, (2) whether smelters and refiners (“SORs”) and other market participants responsibly source 3TG, and (3) political, regulatory, and economic developments, whether in the Democratic Republic of the Congo (the “DRC”) or an adjoining country (collectively, a “Covered Country” or “Covered Countries”), the United States or elsewhere. Nextpower cautions readers not to place undue reliance on any forward-looking statements, which only speak as of the date made. Nextpower undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made.

In July 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”) was enacted. Section 1502 of the Dodd-Frank Act (“Section 1502”) directs the U.S. Securities and Exchange Commission (“SEC”) to impose certain reporting obligations on SEC registrants that manufacture, or contract to manufacture, products for which Conflict Minerals are necessary to the functionality or production of the products, regardless of the geographic origin of the minerals and whether or not they fund armed conflict. In August 2012, the SEC adopted final rules requiring certain SEC registrants to file an annual disclosure on Form SD with the SEC to report whether any necessary Conflict Minerals used in their products originated from a Covered Country.

For products that contain necessary Conflict Minerals, the registrant must conduct in good faith a reasonable country of origin inquiry (“RCOI”) designed to determine whether any of the necessary Conflict Minerals originated in a Covered Country. If, based on such inquiry, the registrant knows or has reason to believe that any of the necessary Conflict Minerals originated or may have originated in a Covered Country and may not be solely from recycled or scrap sources, the registrant must conduct due diligence to determine if the necessary Conflict Minerals directly or indirectly financed or benefited armed groups (as defined by the SEC in Form SD) in the Covered Countries.

Nextpower™ (Nasdaq: NXT) designs, engineers, and delivers an advanced energy technology platform for solar power plants, innovating across structural, electrical, and digital domains. Our integrated solutions are designed to streamline project execution, increase energy yield and long-term reliability, and enhance customer ROI. Building on over a decade of technology and market leadership, the company delivers intelligent power generation systems and services to meet rapidly expanding global electricity demand. Nextpower partners with the world’s leading energy companies to power what’s next.

Nextpower is committed to the responsible sourcing of minerals and compliance with all applicable legislation regarding the use of Conflict Minerals mined from Covered Countries. Our Responsible Minerals Policy (available on our website) further communicates Nextpower’s protocols, standards, and methods regarding Conflict Minerals in our supply chain, including our due diligence requirements and expectations for suppliers in our supply chain.

Nextpower is multiple levels removed from the mining of minerals (3TG or otherwise). Nextpower does not make purchases of raw ore or refined minerals directly from smelters or refiners and makes no purchases in the Covered Countries. However, through the efforts described in this Conflict Minerals Report, Nextpower seeks to ensure its suppliers are sourcing responsibly. Nextpower does not seek to embargo sourcing of 3TG from the Covered Countries and encourages its suppliers to continue to source 3TG responsibly from the region.

The information contained on Nextpower’s website and in its SEC filings is not incorporated by reference into this Conflict Minerals Report or Form SD for 2025 and should not be considered part of this Conflict Minerals Report or the Form SD.

We are subject to the rule because we are a public company with securities registered pursuant to Section 12(g) of the Exchange Act. We are required to file a Form SD because we manufacture and contract to manufacture certain products (“in-scope products”) that contain Conflict Minerals. As such we have conducted a reasonable country of origin inquiry (“RCOI”) and taken due diligence measures to assess the sourcing of the Conflict Minerals in the in-scope products.

To complete the RCOI required by the Conflict Minerals Rule, Nextpower engaged with its suppliers to collect information about the presence and source of 3TG used in products and components supplied to Nextpower. For its RCOI, to the extent applicable, Nextpower utilized the same processes and procedures as for its due diligence, as defined in the OECD Guidance. For 2025, Nextpower surveyed 53 suppliers as part of its RCOI.

Nextpower utilized the OECD Framework (Organization for Economic Co-operation and Development Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas, including the Supplement on Tin, Tantalum and Tungsten and the Supplement on Gold (Third Edition)) (the “OECD Guidance”) in designing its due diligence measures.

The OECD Guidance established a five-step framework for due diligence as a basis for responsible global supply chain management of minerals from conflict-affected and high-risk areas. Application of the framework constitutes

Nextpower has a robust program called the Responsible Procurement Principles in place which applies to all its suppliers, demonstrating that responsible 3TG sourcing is integral to Nextpower’s supplier operations. Under its Supplier Code of Conduct, Nextpower reserves the right to request documentation from its suppliers regarding the source of any 3TG included in their products.

Nextpower has a grievance mechanism for reporting violations of its Supplier Code of Conduct. Violations may be reported by calling Nextpower Compliance and Ethics Helpline at +1-844-626-6569 within the United States, or by going to Nextpower reporting website at https://secure.ethicspoint.com/domain/media/en/gui/89769/index.html.

Nextpower outreach included 53 suppliers we determined may contribute necessary Conflict Minerals to certain products (the “in-scope suppliers”). Nextpower’s supply chain team sent in-scope suppliers a request to submit a Conflict Minerals Reporting Template (“CMRT”). CMRT is a public tool developed by the Responsible Minerals Initiative (“RMI”) to gather information on the use of 3TG by the suppliers, the source of the 3TG and the suppliers’ related compliance procedures.

Following the initial introductions to the program and information request, reminder emails were sent to each non-responsive in-scope supplier, requesting survey completion. 89% of surveyed in-scope suppliers provided a CMRT in response to our request. 21 of our in-scope suppliers provided us with ‘product-level’ information whereas 23 in-scope suppliers shared additional information at the ‘company-level’ which included information on the SORs pertaining to all customers of such suppliers instead of products/components exclusively to Nextpower and 3 of our in-scope suppliers provided us with ’user-defined’ information which combined three of their subsidiaries’ SOR information into one declaration report.

The team responsible reviewed CMRT responses received from the in-scope suppliers for incomplete responses, potential errors or inaccuracies, lack of consistency, and other flags. If any “quality control” flags were raised, Nextpower contacted each respective in-scope supplier to clarify the concern. Additionally, we enhance our processes through third-party sample validation of suppliers’ conflict minerals procedures and declarations.

Nextpower has an electronic file maintaining business records relating to 3TG due diligence, including records of due diligence processes, findings and results. Nextpower stores all supplier CMRTs and documents evidence of identified supplier 3TG sourcing risk. As contemplated by the OECD Guidance, Nextpower will maintain these records for at least five years.

Nextpower assesses and identifies 3TG sourcing risk by comparing whether supplier reported 3TG data complies with RMI standards, which are considered either (a) “RMI-eligible;” or (b) conform to a Responsible Minerals Assurance Process (“RMAP”) or RMAP-equivalent assurance process.

The team responsible within Nextpower works to identify 3TG sourcing concerns and risks. Once a potential risk is identified, the team works with suppliers to take corrective action and address such issues. Nextpower also monitors suppliers’ progress performances through the Quarterly Business Review (“QBR”) scorecard mechanism, as delays or slow action can negatively impact overall company QBR scores. When severe risks are identified and/or suppliers

Due to our position as a downstream company, we are not directly involved in business relationships with smelters and refiners in our supply chain. Therefore, we request our suppliers work with upstream suppliers to source materials from smelters or refiners that have been validated by third-party audited schemes like RMI-RMAP, or an equivalent standard.

Nextpower files a Form SD and a Conflict Minerals Report with the SEC and makes these filings available on its investor relations website. We have also included information on conflict minerals in our annual sustainability report.

For 2025, Nextpower surveyed 53 in-scope suppliers as part of its 3TG due diligence and received 47 CMRTs in response to its outreach. We received CMRT declarations identifying 521 smelters in the aggregate that may have processed 3TG when manufacturing Nextpower products. Of these 53 CMRT declarations, 23 were company-level, 21 were product-level and 3 were user-defined. Due to the number of in-scope suppliers providing company-level declarations, the list of processing facilities disclosed below may over-represent the number of 3TG processing facilities in Nextpower’s supply chain.


Metal	Unknown SORs	Known SORs	Conformant SORs		Active SORs
	Total	Total	Total	% of Known smelters that are Conformant	Total
Gold	2	225	122	47.29%	7
Tantalum	2	50	13	5.04%	6
Tin	2	157	102	39.53%	1
Tungsten	3	80	21	8.14%	2
Total	9	512	258	50.4%	16

a.“Known” means that a smelter or refiner is listed on the Smelter Look-up tab list of the CMRT and is therefore a verified smelter or refiner. The RMI notes on its website that the operational impacts of COVID-19 have led to postponements of some RMAP assessments.

c. “Conformant” means that a smelter or refiner has successfully completed an assessment against the applicable RMAP standard or an equivalent cross-recognized assessment. Included smelters and refiners were not necessarily Conformant for all or part of 2025 and may not continue to be Conformant for any future period. The RMI website also notes that, due to the eligibility criteria for an RMAP assessment, smelters are sometimes removed from the Conformant list because they are no longer operational and not because they are non-conformant to the standard.

Nextpower has endeavored to determine the mine or location of origin of the necessary 3TG contained in its in-scope products by requiring that the in-scope suppliers provide it with completed CMRTs and through the other measures described in this Conflict Minerals Report.

Andorra, Australia, Austria, Belgium, Bolivia, Brazil, Canada, Chile, China, Colombia, Czechia, Estonia, France, Germany, India, Indonesia, Italy, Japan, Kazakhstan, South Korea, Kyrgyzstan, Laos, Lithuania, Malaysia, Mauritania, Mexico, Myanmar, Democratic Republic of the Congo*, Netherlands, New Zealand, Norway, Peru, Philippines, Poland, Rwanda*, Singapore, South Africa, Spain, Sweden, Switzerland, Saudi Arabia, Sudan, Taiwan Province Of China, Tanzania*, Thailand, Turkey, Uganda*, United Arab Emirates, United Kingdom, United States Of America, Uzbekistan, Vietnam, Zimbabwe